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Review Plan for Promoting Loan Credit Guarantee, Interest Subsidies and Tax Reduction and Exemption for the Low-Carbon Sustainable Homeland Project

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The purpose of this project is to accelerate the replacement of old heavy-duty diesel vehicles in Taiwan through economic incentives. Incentives include subsidies for purchasing new vehicles and interests on bank loans, credit guarantee when purchasing vehicles, and tax reductions and exemptions to lower the vehicle price. This project establishes detailed review procedures and standards according to related guidelines and regulations, so that the incentives can be widely promoted based on the principles of fair, just, and open. Application documents are reviewed and adjusted during the project duration. Total of 43 credit guarantee cases, 314 interest subsidy cases, and 3 tax reduction and exemption case were processed and reviewed. A total of 23 credit guarantee cases and 240 interest subsidy cases were approved after review, and written preliminary review opinions were provided for each case based on review results. In terms of processing efficiency, it takes an average of only 3.9 days from when a case is accepted to when the preliminary review is completed, and only 9.4 days from when a case is accepted to when a letter is issued. A total of 333 vehicles have been replaced, and the estimated reduction of PM2.5 46.95 tons; NOx 1,172.9 tons. To determine if approved cases are being successfully carried out, including whether or not companies that received subsidies are using and properly maintaining the newly purchased vehicles, and whether or not credit guarantee and interest subsidies are being successfully provided on the banking end, this project conducts on-site inspections and sampling inspections of cases, and submitted the "proposal for conducting on-site inspections and visits for old diesel vehicle replacement cases and on-site sampling inspections of vehicles" on June 9, 2020. This project completed on-site inspections of banks for 10 credit guarantee cases and sampling inspections of vehicles for 30 interest subsidy cases. As for system implementation, the promotion section was completed on November 22, 2019. The management end for 3 review sub-systems was completed on March 17, 2020, and the review of new cases and customer service operations are all carried out using the system. Source code analysis was conducted for information security before this project's system was launched. Items that were analyzed include vulnerabilities announced by information security organizations, such as the latest version top 10 security issues of the Open Web Application Security Project (OWASP), in order to ensure application security. This project has completed 3 events for policy promotion, including key points of related laws. Information on guidelines and subsidy regulations, how to apply in accordance with the law, consulting customer services, and the guidance application function of the promotion platform are explained during promotion events, which have a Q&A as well. Feedback from different parties are also collected and serve as a basis for subsequent improvements. In addition, this project uses a variety of methods for promotion, including designing a policy introduction for dummies and flyers, which condense details of policies and using simple descriptions with graphics to express the core spirit of policies. The materials are distributed through different channels to increase exposure, so that companies not only become aware, but are also interested.
Keyword
credit guarantee, interest subsidy, tax reduction and exemption, eliminating old diesel vehicle replacement.
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